Loading ...Beneficiaries of faithful and unpretentious clients, the managers of Sind Romania can also boast in 2009 with spectacular profits based on the same chain characterized by minimum investments, modest services, but also small prices.
The hotels have almost 15,000 accommodation places, the full-year occupancy degree being more than 70 percent. Numerous treatment bases also generate good money, despite the fact that just a few were upgraded so far.
In Herculane (west), Slanic Moldova (east), Covasna (center) or Caciulata (south), famous spas for their therapeutical benefits, the unionists’ two-star hotels are fully booked especially in the autumn and in the winter, when the occupancy degree exceeds 90 percent.
As such, Sind Co. profit rose year-on-year. The record was attained in 2008, when it reported a turnover in the amount of 28.39 million euros and a net profit of five million euros, twice as much as in 2007.
“For 2009 we expect the same turnover and the same profit because it was a good year for us”, Maria Vlasceanu, Chief commercial service of Sind Romania, told Capital weekly. In spite the law allows it to keep the profit, on condition it is re-invested, hotels failed to be improved lately.
“Of this year’s profit we will restore the front side of Traian hotel in Caciulata and Zboinea hotel in Soveja will be re-opened. Moreover, 100 rooms will be upgraded per each accommodation unit. All these investments are up to 12 million lei (some 2.8 million euros)”, Mariana Vacaru, Sind economic manager, said in her turn.
Sind Romania is held by trade union groups CNSLR Fratia (38 percent of the assets), Cartel Alfa (28 percent), BNS and CSDR, both with 17 percent each. In the company’s portfolio a number of 25 hotels are included, mainly two-star, 25 villas and the children’s camp in Navodari, on the Black Seaside. A ten-day vacation price in the trade unions spas is 860 lei, which includes two-star full board and lodging and eight days of treatment.
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